According to ChainCatcher, GMX Labs has released a proposal to upgrade its leadership structure, which has passed the DAO governance vote with 96.42% approval. The proposal states that as the team grows and competition in the perpetual DEX sector intensifies, GMX Labs' early flat, founder-driven organizational structure is no longer sustainable and needs to transition to a clearer, more accountable traditional leadership structure.
The proposal announces that a CEO will be recruited through an open process, with candidates spanning the DeFi, CeFi, traditional finance, and technology industries. The goal is to complete recruitment and onboarding by April 2026, and to finalize the organizational restructuring and submit a performance-aligned new contributor token allocation plan to the DAO by June. The CEO's responsibilities include defining GMX Labs' strategic direction, building a functional leadership team, strengthening partnerships, and representing GMX Labs in industry events.
Regarding compensation, the CEO's base salary is $150,000 to $200,000 annually, paid in stablecoins. Performance incentives are denominated in GMX tokens and directly linked to protocol fee growth, with the current annualized protocol fee benchmark being approximately $60 million. A 50% increase in fees will earn partial rewards, a 100% increase to approximately $120 million will earn the full base reward pool of 40,000 GMX, and a 125% increase to approximately $135 million will earn an additional 10,000 GMX as a special reward. The earned GMX tokens will also be adjusted based on the 30-day average GMX price by 0.5 to 1.5 times, with an annual token compensation cap of 75,000 GMX. 25% of the performance rewards will be unlocked immediately upon achieving the target, and the remaining 75% will vest linearly over 24 months. Early departure will result in forfeiture of the unvested portion.
During the transition period, a temporary leadership committee consisting of four members—X, Coin, B, and Kal—will be responsible for maintaining operations, advancing the existing roadmap, and leading the CEO search.
